JUST IN: Strategy’s Bitcoin position has flipped from massive unrealized profits to nearly $1 billion in paper losses.
BTC has dropped below Strategy’s average purchase price of $75,451, wiping out around $10 billion in unrealized gains recorded just a month ago.
This is a major shift in market sentiment.
But remember, unrealized losses are not realized losses. The bigger question is whether Strategy continues accumulating Bitcoin despite the volatility.
Would this pressure trigger more fear in the market, or is it another opportunity for long-term BTC holders? $BTC
#Bitcoin #BTC #Strategy #Binance #Crypto
BTC has dropped below Strategy’s average purchase price of $75,451, wiping out around $10 billion in unrealized gains recorded just a month ago.
This is a major shift in market sentiment.
But remember, unrealized losses are not realized losses. The bigger question is whether Strategy continues accumulating Bitcoin despite the volatility.
Would this pressure trigger more fear in the market, or is it another opportunity for long-term BTC holders? $BTC
#Bitcoin #BTC #Strategy #Binance #Crypto
